Freehold Investment Property Located In Bilston

Wolverhampton
£110,000
Business ID:
#2581
£110,000
  • Ref: 2581
  • Type: Investment Property
  • Availability: Sold
  • Veritas Categories: Commercial Property, - Investment Property
  • Business ID: 2581
  • Commercial Tenure: Freehold
  • Make Enquiry

Property Features

  • Freehold
  • Investment Property
  • Return On Investment (7.7%)
  • Well Appointed

Full Details

Freehold Investment Property Located In Bilston
Return On Investment (7.7%)
Ref 2581

Location
This Investment Property is located in the market town of Bilston, Wolverhampton. Situated within a prominent and highly visible trading position on Hall Street and adjoining Bilston Post office. Bilston town centre has an abundance of retail shops which include many large retailers which brings high levels of footfall to the area. Nearby you have plenty of industry and residential properties with new housing being built (Bilston Urban Village). Please note that there are plenty of free car parks nearby and the salon is within a one minute walk to the bus station and metro. The A41 gives you easy access to Wolverhampton town centre (2.7 miles).

Asking Price: £110,000

Business Description
Veritas Business Sales are privileged to offer to the market this well appointed Investment Property which is located in Bilston. There has been a Hair Salon in these premises for circa 85 years and the property is now being offered for sale so that they can enjoy a well deserved retirement.
Since ownership they have kept the property in good order. In February 2022 a new 3 year lease has been signed with a passing rent of £8,500 pa which is a (7.7%) return on investment. Please not that the fixtures & fittings are owned by the tenant in occupation.
This is a superb opportunity an existing investor to add to their portfolio and as such early viewing is highly recommended.

Lease
Term: 3 years from February 2022
Rent: £8,500 per annum

Ground Floor
Salon comprising: customer seating area, sales counter with (Zenoti salon software), 4 mirrored cutting stations, colour bar with chair and wall mounted display dispensary, 2 back wash with showers (Triton), portable climazone and a wall mounted climazone.
Kitchen with sink drainer, wall & base units washing machine (Servis), fridge (Iceking), microwave and kettle.
W/C with wash basin.

External
Rear yard.
There is a free customer car park to the rear of the shop.